Property profile

7928 Preston Rd Plano, TX 75024

OFF-MARKET
Commercial land
Property ID
US83-1087760
2.79 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2.7-acre commercial land parcel presents a unique investment opportunity in the thriving city of Plano, Texas. Located at 7928 Preston Road, this property boasts a highly desirable location, situated just east of the Dallas North Tollway and south of the Sam Rayburn Tollway (Highway 121). Its strategic position offers unparalleled access to major transportation arteries, placing it a convenient 23 miles from Dallas/Fort Worth International Airport and 23.3 miles from Downtown Dallas. The site is ideally positioned near significant landmarks, including the Plano Federal Courthouse and Children's Medical Center Plano. Furthermore, the property benefits from proximity to popular retail destinations such as Stonebriar Center in Frisco and Shops of Legacy in Plano, providing easy access to a wide array of shopping, dining, and hospitality options. The zoning designation is 02, allowing for a 75,000 square foot buildable area. This remarkable property offers a unique blend of convenience, visibility, and development potential. Additional features include a prominent Preston Road monument sign, ensuring high visibility, along with the added benefit of natural privacy provided by a creek and mature trees. This is an ideal site for a discerning user seeking a prime location in one of the most dynamic commercial markets in Texas. The asking price for this exceptional property is $1,800,000. Collin County location, zip code 75024.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 2.79 ac (121,532 SF)
Zoning code COMM
APN R-11138-000-0TMU-1
UPID US83-1087760

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7928 Preston Rd Plano, TX 75024-2301
Plano metro Census 31659 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

Zoning & alternative use

COMM · Plano, TX

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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